Originally Posted by
ecam
Exactly. Now that we have paused hiring, they won't resume until we are canceling flights due to pilot shortages. First they are going to fight the battle with the union to reduce headcount per aircraft and choose PBS systems. If/when they lose that, they will begin hiring and actually run classes a month or two later. I'm still going with mid 2019. Their current headcount forecast doesn't show us needing pilots for a while. I believe that's overly optimistic (low) and that they can't run an airline at those levels. The final level will probably be a little less than we have now, but above whet they are predicting. They are using it as a negotiating tactic.
Also, let's agree that the general economy seems to be turning a corner and fuel prices are rising. If the downturn comes soon, as most analysts are predicting, all bets are off. Allegiant will weather the downturn better than most, but expansion will stop. We are currently staffed for the flying we do right now. That could mean an extended period of little or no hiring. Attrition remains very low.
My offer of a beverage wager still stands, let me know if you accept...
Also, I agree that there is a short term rise in oil (which will work itself out), but who are these "most analysts predicting a downturn" that you mention? When I'm not flying I have CNBC (or occasionally another business channel) on about 14 hours a day. There is definitely NOT a preponderance of analysts predicting a downturn "soon." In the future (sometime) yes, but there is always a downturn in the future... Fundamentals are still looking very strong.